The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-20
CONDITION OF THE MARKETS
Light Trading in Wheat, Accompanied
bya Firm Feeling and Better Prices.
Moderate Business in Corn, the Fluctuations
Being Very Small-0ats Slightly Lower
Provisions Fall Back into Dull Rut.
MONEY, BONDS AND STOCKS.
A. Moderately Active Market, Opening Strong
md Closing Rather Weak.

A Moderately Active Market, Opening Strong
and Closing Rather Weak.
NEW YORK, Oct 19-Money on call was
sssy at to 81 per cent, the last loan being
made at per cent, closing offered at 3.
Prime mercantile paper. Gas per cent.
Sterling exchange was dull but steady at
D. 81 for sixty-day bills, and "a. So for demand.
The total sales Of stocks to-day were 300. COL
Jhares. including the following: Delaware. Lack
awanna 81 Western, $500; Erie. 4, 765; Lake
Shore, 2l,3l5; Louisville g. Nashville, 510O
Missouri Pacific, ii 800; Northwestern, IL, 152
Oregon Transcoptinental, 4.l56; Northern
Pacific. preferred. 1900; Reading. 1850; St.
Paul. IS, 900: St. Paul e. Omaha. 9, 200; Union
Pacific, 10. 0s0; Western Union, 26.l96
The stock market to-day was again moderate
iy active and somewhat irregular in it's move
ments, being strong in the forenoon but weaker
later in the day. The buying continued Of the
same confident character, while the selling, es-
pecially during the forenoon, scattering.
though there was more disposition to sell mani
Tested later in the day. The news of the day,
while Of no special importance, was favorable TO
the bulls" and there was less news of rate cut
ting from the west Rates for sterling exchange
were rcdnced on an increased supply of com
mercial bills and some offerings of bankers
bills against securities. The leaders OF the
market were com paratively quiet, Reading being
duller than for many days, and the more promi-
nent movements were in the specialties
Among the most notable in the rise of the morn
ing, Oregon q Transcontinental, Oregon Navi-
CATION Northwestern and New England were
prominent. The disposition to sell and realize
profits in the afternoon about wiped out the ac-
vances Of the morning. However. the results OF
the days trading are, in most cases. insgnif-
cant. There less demand for stocks In the
loan crowd, and rates were easier. Opening
prices were irregular at changes from last even
ing's final figures of small fractions only. but
the list soon became strong on a gradually In
crossing business. The advance was slow and
steady, and lasted throughout the morning,
the best prices being generally attained about
noon. After that time the market became dull
and declined slowly until the close, which was
heavy at close to the opening figures The final
changes are irregular and about equally divided
between gains and losses, though the only i'm
portant are gains of each In Oregon Navigation
and Chicago, Burlington g. Quincy; Il in Mani
toba, and per cent. in San Francisco preferred.
The ''buls" are looking for quick collapse in
the real estate speculation, and corresponding
activity in W all street. while the ''bears predict
a heavy decline in the grangers and Transconti-
mental stocks
Railroad bonds were very dull but generally
firm; sales. 5000. 900. Closing prices show ad-
yances in o majority of instances. ST. Paul q
Northern Pacific sizes rose 81. TO ll64. and ST.
Joseph & Grand Island firsts. 81, to 974.
Government bonds were dull and heavy
State bonds were dull and steady Closing